AT the launch of its pageant reality show in Lagos last week, smart phone maker, Anabel Group slashed its different range of phones by 50% as against its original price.

Deloitte Touche Tohmatsu recorded aggregate member firm revenues of $26.1 billion ,about N3.9 trillion, for its operations the fiscal year ended May 31, 2009.

In a fresh attempt to strengthen confidence building in the insurance market, underwriters trade group, Nigerian Insurers Association has set up an independent special complaints unit that will adjudicate complaints against member companies by consumers of insurance.

THE current chairperson of the Bureau of African Ministers of Communications and Information Technologies (ICT) and Minister of Information and Communications, Prof. Dora Akunyili would on Thursday this week in Lagos, declare open the annual Nigeria Digital Sense forum.

Apparently trying to wet its customers’ appetite before the commercial launch of the Glo 1 submarine cable that landed in Lagos and Ghana recently, Second National Operator, Globacom last week, launched its prepaid 3G Plus modem, plugging its prepaid subscribers on the high speed internet service.

IN keeping to its dream of becoming a responsible cooperate entity in Nigeria, MTN Nigeria says it has paid over N300 billion to the different tiers of government in charges and taxes from 2001 till date.

Etisalat Nigeria is trying hard to push frontiers of the mobile market both in Nigeria, entire Africa and the Middle East. These has led to a lot of cutting edge service provisions cum aesthetic packages and offerings tailored at plugging the youths into the growing mobile culture in the world.

DELTA State Governor, Dr. Emmanuel Uduaghan,has called on the federal government to compel oil companies operating in the Niger Delta region to be environmentally friendly in their operations. Governor Uduanghan who spoke in Abuja when he visited the Minister of Environment, Mr John Odey in his office, said the call had become necessary because addressing […]

LAGOS State Government has urged residents of the state to always report outrageous charges and bills by the Private Sector Participation (PSP) waste operators to the the State Waste Management Authority (LAWMA) Managing Director of LAWMA, Mr. Ola Oresanya gave the directive yesterday during the monitoring of the monthly environmental sanitation exercise in Ikorodu Local […]

The Central Bank of Nigeria (CBN) has said that it would soon introduce measures to regulate regional expansion of banks as well as remuneration and bonuses of executives officers Mr. Charles Akoroda, Deputy Director, Banking Supervision Department of the CBN said in Kaduna, “In line with the Basle Committee’s core principles, the cross border subsidiaries of our banks will also be supervised on a consolidated basis. This requires cooperation and information exchange arrangements between home and external supervisors.

By Oscarline Onwuemenyi Nigeria Deposit Insurance Corporation (NDIC) has dismissed the notion that it  shirk its  supervisory  role over the banks by not blowing the whistle on the  malpractice  that led to the problem of non-performing loan in the industry. The Managing Director of the Corporation said in Kaduna , “The Corporation could not raise […]

The managements of two micro-finance banks in Lagos which accounts are being audited by the CBN on Friday in Lagos urged more time to shore up their capital base.

Fresh facts have emerged on how Issuing Houses undermined Security and Exchange Commission (SEC)’s rules on underwriting of public offers and hence compelled the Commission to amend the rules to favour them. Recently, the Securities and Exchange Commission (SEC), adopted the recommendations of the Dotun Sulaiman-led Committee on the Review of Capital Market Structure and Processes, which abolished mandatory underwriting of public offers and replaced it with Book- Building or discretionary underwriting

Insurance companies have appealed to the Federal Government to inject bailout funds into the sector to save it from imminent collapse.

A study of the Insurance industry in Nigeria has painted a gloomy picture of lawlessness, fraud, fictitious accounting and misstated accounts in the books of insurance, brokers and underwriters in Nigeria.